Well, true. People, I.e private companies, can do all kinds of silly things like respect their workers, or think about the future, or prioritise a myriad of things that aren’t just short-term profits and investor pockets. For them, the term growth isn’t just about revenue and a graph on the stock market.
That doesn’t really work with a publicly traded company, especially when the people in charge get a bonus based on quarterly profits, even if the company makes decisions that destroy it in the future. Memory manufacturers know damn well this isn’t in any way a long term sustainable situation, but they are making the most (money) of it while they can.
Well, true. People, I.e private companies, can do all kinds of silly things like respect their workers, or think about the future, or prioritise a myriad of things that aren’t just short-term profits and investor pockets. For them, the term growth isn’t just about revenue and a graph on the stock market.
That doesn’t really work with a publicly traded company, especially when the people in charge get a bonus based on quarterly profits, even if the company makes decisions that destroy it in the future. Memory manufacturers know damn well this isn’t in any way a long term sustainable situation, but they are making the most (money) of it while they can.
Exactly. Public trading puts pressures on a company that go against its interests and the interests of its employees.
Frankly, public trading is a terrible idea. It has never improved anything. Just made everything worse.